SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX) Sets New 52-Week High – Here’s Why

SPDR S&P Fossil Fuel Reserves Free ETF (NYSEARCA:SPYX)’s share price hit a new 52-week high on Wednesday . The company traded as high as $48.29 and last traded at $48.29, with a volume of 10634 shares. The stock had previously closed at $47.30.

SPDR S&P Fossil Fuel Reserves Free ETF Price Performance

The stock’s 50 day moving average price is $46.90 and its two-hundred day moving average price is $45.06. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 28.63 and a beta of 1.02.

Hedge Funds Weigh In On SPDR S&P Fossil Fuel Reserves Free ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth $29,000. Larson Financial Group LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth $30,000. Rothschild Investment LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth $86,000. Kennebec Savings Bank bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the third quarter worth $89,000. Finally, Hobbs Group Advisors LLC bought a new position in SPDR S&P Fossil Fuel Reserves Free ETF during the second quarter worth $149,000.

About SPDR S&P Fossil Fuel Reserves Free ETF

The SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is an exchange-traded fund that is based on the S&P 500 Fossil Fuel Free index. The fund follows an S&P 500- based index excluding companies with known fossil fuel reserves. SPYX was launched on Nov 30, 2015 and is managed by State Street.